Director of Financial Planning and Analysis

1 week ago

Natick, Massachusetts, United States Cognex Full time
About Cognex

Cognex is a leading global player in industrial machine vision, with a strong financial foundation and a commitment to fostering an inclusive and equitable work environment. Our dynamic culture celebrates employee innovation, determination, and dedication in a fun and distinctive atmosphere.

We are working on a hybrid schedule, with 3 days in the office and 2 days at home. This allows for a great balance between collaboration and flexibility.

The Finance Team

The Finance team at Cognex has strong business partnerships and influence throughout the company. We drive financially informed decisions in support of the company's strategic objectives. We are investing in advanced analytics capabilities to enhance our data-driven approach to problem solving.

We are focused on process improvement to provide the most efficient operational and transactional support for our customers, vendors, and employees. The Finance leadership team has a proven track record of talent development, investing in our team members and partnering with them on their career development.

The Role

The Finance Director, R&D and Operations, will be responsible for driving cost efficiencies across the organization with a specific focus on product cost and external spending. This role partners with the Products and Platforms (R&D functions) and Operations leadership to oversee the financial management and performance of these functions.

The ideal candidate will have extensive experience in productivity management within a manufacturing environment, strong leadership skills, and a global perspective. They will be responsible for developing and implementing financial strategies to support the company's global R&D and supply chain operations.

Key Responsibilities
  • Develop and implement financial strategies to support the company's global R&D and supply chain operations.
  • Own cost savings from indirect procurement and drive execution across the organization.
  • Lead the budgeting and forecasting process for the related functions and provide insights into cost drivers.
  • Prepare and present financial reports to senior management, providing insights into the contribution to net income and cash-flow generated by productivity initiatives.
  • Collaborate with functional leaders to support operational excellence and drive continuous improvement initiatives.
Requirements
  • Bachelor's degree in Finance, Accounting, Business Administration, or a related field. An MBA or relevant advanced degree is preferred.
  • Minimum of 10 years of experience in finance, with a strong background in productivity management within a global manufacturing environment.
  • At least 5 years of experience leading a team.
  • Comprehensive experience with all aspects of cost accounting, from NPI to commercialization, in a high-growth technology company.
  • Proven experience working with Operations teams on annual budgets and forecasting.
  • Experience managing the financial performance of R&D projects is advantageous.

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